Source: Shutterstock While HireQuest, Inc. ( NASDAQ:HQI ) might not be the most widely known stock at the moment, it led the NASDAQCM gainers with a relatively large price hike in the past couple of weeks. Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Let’s take a look at HireQuest’s outlook and value based on the most recent financial data to see if the opportunity still exists. Is HireQuest Still Cheap? The share price seems sensible at the moment according to my price multiple model, where I compare the company’s price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 25.62x is currently trading slightly above its industry peers’ ratio of 21.08x, which means if you buy HireQuest today, you’d be paying a relatively sensible price for it. And if you believe that HireQuest should be trading at this level in the long run, then there should […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
